evidence from bonds issued by non euro area residents

... 2004 15 Chart Euro- denominated bonds issued by non- euro area residents: breakdown by maturity at issuance Chart 10 Euro- denominated bonds issued by non- euro area residents: breakdown by size (in ... Chart 12 Euro- denominated bonds issued by non- euro area residents: breakdown by roadshow location (1999-2003) Chart 13 Euro- denominated bonds issued by non- euro area residents: breakdown by bookrunner ... Chart 19 Euro- denominated bonds issued by non- euro area residents: breakdown by investor type (1999-2003) Chart 20 Euro- denominated bonds issued by non- euro area residents “dominantly” bought by retail...

Ngày tải lên: 29/03/2014, 06:21

... literature by analysing a set of such factors in the context of the recent European sovereign debt crisis Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ... sovereign CDS and bonds markets: Evidence from the euro area crisis 39 Delatte, A L., Gex, M and López-Villavicencio, A (2010) Has the CDS Market Amplified the European Sovereign Crisis? A Non- Linear ... default swaps, sovereign bonds, credit spreads, price discovery JEL Codes: G10, G14, G15 Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis Table of...

Ngày tải lên: 15/03/2014, 07:20

... interest income from a tax-exempt bond issued by any authority Interest earned from tax-exempt bonds issued by territories of the U.S (Puerto Rico, Guam, and Virgin Islands) is exempt from state taxes ... government bonds and prerefunded municipal bonds 2.1 Risk of default Both government bonds and prerefunded bonds are nominally riskless Prerefunded municipal bonds are tax-exempt bonds that have ... U.S Treasury bonds and municipal bonds that are secured by U.S government bonds, referred to as prerefunded, advance refunded, or defeased municipal bonds This sample of prerefunded bonds allows...

Ngày tải lên: 15/03/2014, 03:20

... observations spanning 816 bonds For robustness, we also created another bond price dataset from Datastream for a subset of bonds, containing 91,760 bond-day observations spanning 248 bonds. 9 We received ... denoted by hypothesis H1, and by a smaller amount as compared to bonds surrounding an event as reflected in hypothesis H2 Specifically, consistent with hypothesis H1, loans fell on average by 4.33% ... current list of Datastream codes of live bonds and the list on the Datastream Extranet which contains the dead bonds Second, we extracted daily prices of the bonds from Datastream based on their 6-digit...

Ngày tải lên: 16/02/2014, 02:20

... relative pricing of euro area sovereign CDS and the underlying government bonds Our sample comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to ... OF EURO AREA SOVEREIGN CDS AND THEIR RELATION WITH GOVERNMENT BONDS by Alessandro Fontana and Martin Scheicher NOTE: This Working Paper should not be reported as representing the views of the European ... this paper is to provide a comprehensive analysis of the Euro area sovereign CDS market by making use of information from the underlying bonds Our two main contributions are first a comparative...

Ngày tải lên: 16/02/2014, 02:20

... anastassios.giannoplidis@ec.europa.eu Eurostat news releases on the internet: http://ec.europa.eu/eurostat Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators Volume ... compared with December 2011, “Food, drinks and tobacco” fell by 2.1% in the euro area and by 1.8% in the EU27 The non- food sector dropped by 4.2% and 1.7% respectively Among the Member States for ... compared with November 2012, “Food, drinks and tobacco” fell by 0.8% in the euro area and by 0.6% in the EU27 The non- food sector declined by 1.0% and 0.7% respectively Among the Member States for...

Ngày tải lên: 06/03/2014, 23:20

... series of retail rates and market rates from ten of the twelve euro area countries as well as for the euro- area aggregate “Universal” banks, which we define by opposition to “specialised” banks, ... different across euro area countries (see Table 1) 10 The analysis is carried out on 46 retail interest rate series for all euro area member states except Luxembourg and Greece, the euro area and the ... decisions, euro area households and firms are mainly confronted with retail bank interest rates In 2000, the amounts outstanding of loans to non- financial corporations of the euro area were seven...

Ngày tải lên: 15/03/2014, 02:20

... Bonds category includes zero coupon and discounted bonds of all seniorities Debt Type/Seniority Bank Loans Senior Secured Bonds Senior Unsecured Bonds Senior Subordinated Bonds Subordinated Bonds ... par value, are highest for municipal bonds (mean spread of $0.22), followed by corporate bonds ($0.21), and treasury bonds ($0.11) that trading declines as the bonds fall into the hands of institutions ... recovery rates by debt type and seniority from 1988-2Q 2003 22 a value-weighted NYSE/NASDAQ/AMEX index for stocks) is subtracted from the loan or stock daily return respectively We find evidence consistent...

Ngày tải lên: 15/03/2014, 07:20

... country results are summed up to a euro area aggregate after weighting using the national lending in the total amount outstanding of euro area lending to euro area residents On the contrary, at country ... the recent financial and economic crisis The questions in the euro area BLS refer to bank loan supply and demand relative to euro area residents The answers are of a qualitative nature among five ... approximately 50% of total volume of euro area bank lending to households and non- financial corporations The changes in the sample size are due to the enlargement of the euro area, an increased coverage...

Ngày tải lên: 15/03/2014, 10:20

... in the euro area? by S N Altimari, May 2001 64 Exchange rate volatility and euro area imports by R Anderton and F Skudelny, May 2001 65 A system approach for measuring the euro area NAIRU by S ... data The euro area retail bank interest rates on the deposits and loans considered are average monthly data published by the ECB, including synthetic euro area data before January 1999 From January ... for the European Central Bank by C Monticelli and O Tristani, May 1999 Fiscal policy effectiveness and neutrality results in a non- Ricardian world by C Detken, May 1999 From the ERM to the euro: ...

Ngày tải lên: 15/03/2014, 14:20

... access to non- monetary benefits, a previously neglected area of research From a theoretical perspective, like all work settings, health facilities might find it beneficial to offer non- monetary ... conditions, and financial and non- financial incentives In particular, the survey instrument allowed health worker indicators to be disaggregated by sex General findings from the surveys, including ... costs of working in rural areas [18] However the guidelines acknowledge there is inconclusive evidence about the extent to which gender is associated with practising in rural areas, and not recommend...

Ngày tải lên: 18/06/2014, 17:20

... legislation was signed into law by President Bush in July 2002 Henceforth we use non- audit services” to mean all non- audit services provided by the incumbent auditor NON - AUDIT SERVICE FEES 1249 ... simultaneity bias induced by endogeneity among non- audit fees, audit fees, and going concern opinions We contribute to the current debate on auditor independence by finding no evidence that non- audit service ... also provide non- audit services, and only of those 24 allege that the non- audit services impaired auditor independence Thus, the evidence from class action lawsuits suggests that non- audit services...

Ngày tải lên: 06/01/2015, 19:42

... is also valued by non- professional investors 190 S.E Kaplan, E.G Mauldin / Journal of Accounting and Public Policy 27 (2008) 177–192 The results from Experiment provide further evidence on whether ... corporate governance mosaic (Cohen et al., 2004) By manipulating this variable, we are able to provide evidence on whether a strong audit committee strengthens non- professional investors’ independence-related ... MBA students representing non- professional investors were given a case (based on Libby and Kinney, 2000) describing the discovery of an income decreasing audit difference by the auditor and were...

Ngày tải lên: 06/01/2015, 19:43

... management and audit quality in Europe: evidence from the private client segment market, European Accounting Review, 17(3), pp 447–469 Vander Bauwhede, H and Willekens, M (2004) Evidence on (the lack of) ... (2003) Do non- audit services compromise auditor independence? Further evidence, Accounting Review, 78(3), pp 611–639 Downloaded by [University of Windsor] at 13:08 25 September 2013 Non- audit ... K (2002) Do non- audit services fees impair auditor independence? Evidence from some going concern audit opinions, Journal of Accounting Research, 40(4), pp 1247–1275 Downloaded by [University...

Ngày tải lên: 06/01/2015, 19:44

... The screening process shows that the data exhibited slight deviations from normality Nonetheless, all univariate kurtoses were non- significant and all skewness values were within the range of (2 ... Kula, V (2005), “An analysis of the factors affecting the adoption of electronic commerce by SMEs – evidence from an emerging market”, International Marketing Review, Vol 22 No 6, pp 623-40 Kumar, ... Item By using the internet we can obtain information about foreign markets more cheaply By using the internet we can easily contact suppliers, customers, and distributors in foreign markets By...

Ngày tải lên: 03/04/2016, 13:02

... wastes  Wastes from medical activities not contain blood, biological juice, etc  Wastes from administrative activities  Surrounding wastes Situation of medical wastes in Vietnam 2.2 From solid ... wastes from Viet-Duc hospital at the price of 6,000 VND per kilogram for plastic, 1,500 VND per kilogram for small glass bottle From 2002 to 2007, there were about 300 tons of medical wastes sold from ... replaced By that way, these centres will contribute to separating the normal wastes from medical wastes and treat them in special ways For recyclable wastes, the government should ban enterprises from...

Ngày tải lên: 23/09/2012, 15:38

... advertising in Great Britain” by Geoffrey N.Leech (1996), “Advertising as communication” by Gillian Dyer (1982), “English for sale: A study of the language of advertising” by Lars Hermeren (1999), ... not aimed at any individual, or by any individual It’s a non- personal transmission of information aiming at the public or a certain group of people Because of the non- personal features of advertising, ... advertised This kind of advertising is often used by non- business institutions, such as schools, hospitals and charitable organizations We also see advertising by associations or government organizations...

Ngày tải lên: 07/11/2012, 14:54

... aims at some priority areas and actually very few firms are able to borrow from it The fourth source is non- banking capital, including firm’s equity and funds mobilized from the informal banking ... countries are potentially using non- tariff barriers to limit the textile imports from low-cost producers in developing countries Countries will respond by using non- tariff policies (e.g environmental ... complexes have been established using machines and technologies from Soviet Union and Eastern Europe (the North) and some Western European countries (the South) (Hill 1998:14) But the industry...

Ngày tải lên: 24/08/2013, 18:48

... treatment by bacteria Methane gas Effluent Aerobic treatment process Wastewater Methane recovery by methane fermentation Anaerobic treatment process Excess Sludge Sludge solubilization by subcritical ... separated from the sludge From Figure it can be clearly seen that the effluent phosphate decreased gradually as the treatment temperature increased to 200 oC, and kept constant at about 0% from 200 ... sludge by supercritical water oxidation: J Chem Eng Jpn, Vol.30, No.5, pp.813-818 Imai T., Fukuda T., Ukita M., Sekine M., Higuchi T., Murakami S (2003) Resource recovery from sewage sludge by subcritical...

Ngày tải lên: 05/09/2013, 09:08

... remove arsenic from groundwater for ready applicability in rural areas, especially in developing and poor countries This work aims to study the adsorption column for removal of arsenic from synthetic ... (Brunauer, Emmett and Teller) surface area is 70.19m²/g, pore volume of 0.00062cm3/g and pore size of 126Å Preparation of AC-Fe AC from coconut shell was taken from MAPECOH, Inc (Philippines) with ... pseudo-second order, have been used by some researchers (Ho et al., 2000) to describe the process kinetics of adsorption From equation (1), the use of n=1 from calculation and the assumption...

Ngày tải lên: 05/09/2013, 09:38